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View all search resultsPresident Prabowo Subianto is once again reshaping Indonesia's economic institutions. This time, he has instructed the Financial System Stability Committee (KSSK) to involve the Danantara sovereign wealth fund in its deliberations, creating what Danantara CEO Rosan Roeslani calls "KSSK Plus." But when a state investor joins discussions where its own risks may be assessed, the question is whether the arrangement strengthens policy coordination or weakens institutional independence.
Since the program’s launch in July last year, President Prabowo Subianto’s administration has added multiple tasks and broadened the cooperatives’ scope of work from grocery stores to managing community oil wells.
President Prabowo Subianto's free nutritious meal program was conceived as a transformative social policy to improve child nutrition, strengthen human capital and demonstrate the state's ability to deliver tangible benefits to millions of Indonesians. It is also the policy most closely associated with his presidency. More than any other initiative, its success or failure will shape public perceptions of his administration.
Corporate filings show Danantara chief technology officer Sigit Puji Sentosa is expected to lead new fund DDMF, while Rachmat Kaimuddin, currently deputy for basic infrastructure coordination at the Office of the Coordinating Infrastructure and Regional Development Minister, has been appointed to its executive team.
The peace treaty between the United States and Iran, no matter how fragile, offers a measure of relief to President Prabowo Subianto, who is grappling with mounting economic and political pressures at home.
The conciliatory remarks contrasted with President Prabowo Subianto's comments earlier this week, when he took aim at what he described as "intellectuals" of questioning the urgency of his signature free nutritious meal program.
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